Under contract

Contingent

106 E Schoolhouse Road E

Yorkville IL, 60560

$1,200,000


$100.00 per sqft

Under contract

Contingent

12,000 sqft

Multi-family

Built in 1970

Courtesy of john greene Commercial

Rare opportunity to purchase a fully leased 12,000 SF multi-tenant building in rapidly growing Yorkville! Selling due to retirement after 30+ years of ownership, this actively managed asset is now primed for continued cash flow with considerable appreciation lying between a lively downtown and ever expanding residential development to the south. A total of 8 office/retail units comprise the first floor including a new five year lease to a child daycare occupying 3,150 SF. The second floor consists of six fully leased apartments: 2-one bedroom units and 4-two bedroom units. Units are spacious, mostly updated, and very easy to rent. All but one unit has a balcony. Coin operated laundry and storage lockers are located on main level. All tenants in the building are on year-to-year leases or longer; many of whom have been leasing their unit for 4 years or greater. Contact agent for rent roll details including tenants, lease rates, expenses, etc. Major improvements completed in 2024: complete tear off and replacement of roof, 2 furnaces, 1 new A/C, new flooring and paint in daycare. On site is a fenced in playground for the daycare, 2 car garage with attached storage space, two additional storage sheds, as well as a large green space that could be utilized for future development or expanded parking. Do not disturb the tenants- list agent must be present for all showings. Showings will typically require a 48 hour notice. Don't let this one pass you by- call for private showing!

12164448

MLS ID

September 15, 2024

Listed

November 22, 2024

Updated

Map

106 E Schoolhouse Road E
Yorkville IL, 60560

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Central Individual, Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

1.06 Acres


Roof

Membrane

Other Property Details

Area Name

Yorkville / Bristol


Taxes

$19,085


Tax Frequency

Annually


Days on Market

66


Garage

No


View

No


County

Kendall


Pool

No


Zoning

COMMR

Listing History

Date

Event

Price

10/8/2024

Under contract

Courtesy of john greene Commercial, Mike Waseen,
Listing Contact: 630-360-1196 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Laura Rios are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 11/22/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 7:18 AM UTC, 11/22/2024

 

 

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